Word: grapes
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...Offer. Three weeks ago Glen Alden sent a letter to Endicott-Johnson stockholders offering to buy-at $30.50 a share-all of the company's 810,000 shares of common stock, then selling at $27.50. A week later Endicott-Johnson Director Jacob M. Kaplan, onetime Welch Grape Juice president, was revealed to have sold 60,000 shares of his stock to Glen Alden, explained that he thought the shoe concern was "a dying company." Word quickly spread through the Triple Cities that Glen Alden, if it got control, would move the plants-a rumor Glen Alden denied...
...Christian Brothers produce modest wines, ranging from champagne to Johannisberger Riesling, in a modern, $7,000,000 plant that has the first stainless-steel grape-crushing machine in the industry. They refuse to advertise on radio, TV or billboards, because they consider it inappropriate. The brothers, like almost all the religious businesses, have long been exempt from taxation. But a new clause inserted in the tax laws in 1950 left their status in doubt (though it did not affect most other church-sponsored business). To escape the ambiguity of their situation, the brothers shook up their business organization...
...nostalgic mood is an authentic foretaste of his fictional calling, that subtle parting, or detachment, of a novelist from his experience, without which life would never become literature. But while he is still the close observer, Durrell sets down much of the immemorial daily life of the islanders, from grape-treading to olive-pressing, from the festivals of miracle-accredited saints to the circular communal ritual of the Greek dances, which by some law of emotional gravity galvanizes spectators into performers...
...from an unexpected quarter: a wealthy Republican rancher named Fred Van Dyke. While running unsuccessfully for Congress in 1958, Van Dyke was shocked by what he found out about the life of the farm workers. He made an unwritten deal with Smith's new union to harvest his grape crop for $1.25 an hour plus fringe benefits. In the valley, where hourly rates are around $1, this was high pay. Van Dyke believes that only when confronted by a strong union will farmers themselves organize into a body capable of restricting overproduction and making market agreements. Says...
Postum was founded in 1895 by a health-food fan named Charles William Post, who invented Postum and Grape Nuts, one of the first cold cereals, built a thriving business in Battle Creek, Mich, before he died in 1914. Later, under President Colby Chester and Chairman E. F. Hutton (who married Post's daughter Marjorie), the company diversified so fast by buying up other companies that the big shopping bag was renamed General Foods. As it continued to grow under Austin Igleheart, who had joined Postum in 1926 when it purchased his family-run company (Swans Down cake flour...